Other than under § 6959 of this title, the Commissioner shall notify a special purpose financial captive insurance company not less than 30 days before suspending, revoking, amending, or modifying its certificate of authority or any order issued in connection therewith. The notice must state the basis for the suspension, revocation, amendment, or modification. The special purpose financial captive insurance company must be afforded the opportunity for a hearing and all rights provided pursuant to the provisions of the Administrative Procedures Act, Chapter 101 of Title 29.
Structure Delaware Code
Chapter 69. CAPTIVE INSURANCE COMPANIES
Subchapter III. Special Purpose Financial Captive Insurance Companies
§ 6953. Application of subchapter.
§ 6954. Application requirements.
§ 6955. Certificate of authority and order.
§ 6956. Securities of special purpose financial captive insurance companies.
§ 6957. Authorized contracts and activities.
§ 6958. Dividends and distributions.
§ 6960. Discount on reserves; report on reserves.